USD exchange rate today: Early morning of November 6, the State Bank announced the central exchange rate of Vietnamese Dong to USD increased by 2 VND, currently at 25,097 VND.

Meanwhile, in the US market, the US Dollar Index (DXY) measuring the greenback’s fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.06%, currently at 100.16.

DXY Index volatility chart over the past 24 hours. Photo: Marketwatch

USD exchange rate today in the world 

The dollar held near a five-month high against a basket of currencies on Wednesday, as economic data eased concerns about the US economy and labor market, prompting investors to weigh the possibility of further interest rate cuts by the Federal Reserve this year.

Data released on Wednesday showed the U.S. private sector added 42,000 jobs in October, far exceeding the 28,000 gain forecast by a Reuters poll. While the gain did not represent a significant change in the labor market, as some sectors such as professional business services continued to cut staff for a third straight month, the results still helped ease concerns about a weakening labor market. Separate data showed activity in the U.S. services sector improved in October thanks to a solid increase in new orders.

“The hawkish tone in interest rates and currencies was reinforced Wednesday morning by the ADP report showing stronger-than-expected private sector employment,” said Karl Schamotta, chief market strategist at payments company Corpay in Toronto. “Most of the available data points to the resilience of the US labor market, the likelihood of a more aggressive Fed easing path is becoming slim, and investors are increasingly cautious about betting on lower yields,” he added.

This puts the DXY at a crucial level, analysts say: “A break above the low 100 region would suggest that the USD rally could continue strongly in the coming weeks,” Scotiabank FX strategists wrote in a report. “Conversely, if the rally stalls and reverses from this region, the DXY could continue to fluctuate in the wide consolidation range it has been trading in since mid-year,” they said.

Investors are also closely watching a hearing at the US Supreme Court where justices on Wednesday questioned the legality of broad tariffs imposed by former President Donald Trump, a case that could impact the president’s powers and have a ripple effect on the global economy and currency markets.

The euro was last up 0.02% at $1.1484. Against the Japanese yen, the dollar was up 0.27% at 154.08.

Sterling steadied after a recent sell-off, rising 0.2% on the day to $1.305, but remained near multi-month lows against the dollar and multi-year lows against the euro. The Bank of England meets on Thursday, with markets pricing in a one-third chance of a 25 basis point cut. The decision is expected to be volatile for the pound.

The US dollar remained near a five-month high. Illustration photo: The National

Domestic USD exchange rate  today

In the domestic market, at the beginning of the trading session on November 6, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 25,097 VND.

* The USD exchange rate at the State Bank’s buying and selling exchange center increased slightly, currently at: 23,893 VND – 26,301 VND.

USD exchange rates at commercial banks for buying and selling are as follows:

* The EUR exchange rate at the State Bank’s buying and selling exchange center decreased, currently at: 27,377 VND – 30,259 VND.

EUR exchange rates at commercial banks for buying and selling are as follows:

* The Japanese Yen buying and selling rates at the State Bank’s Exchange increased slightly, currently at: 156 VND – 172 VND.

The buying and selling rates of Japanese Yen at commercial banks are as follows: